The North America Horse Riding Equipment Market would witness market growth of 3.5% CAGR during the forecast period (2023-2030).
Increased awareness of the benefits of sports participation, such as improved concentration and problem-solving skills, has increased spending on sports training and development among children, which has fueled the demand for horse riding equipment. In addition, the shifting paradigm of the educational system promotes the expansion of the sports industry and related industries. In addition, the rise of sports education and sports training in academic institutions has substantially increased awareness of sports and physical fitness. As a result, numerous schools and educational institutions provide training to students, allowing them to compete in a variety of sports competitions, thereby fueling market growth.
Online retailers are gaining popularity as they offer expedited shipping and return policies. In addition, the increase in the number of websites offering free shipping of products has contributed to the rise in online product sales. Online shopping enables access to a vast range of products along with the capability to compare prices across manufacturers. Moreover, the increase in popularity of sports and fitness activities among young people drives the expansion of the market.
The market in North America has experienced significant growth in recent years, driven by a combination of factors that reflect the region's strong equestrian culture, a growing interest in equestrian sports, and evolving consumer preferences. North America boasts a rich equestrian heritage, with disciplines like Western riding, show jumping, dressage, and rodeo deeply ingrained in its culture. This heritage has sustained a robust demand for high-quality riding equipment.
One of the primary drivers of growth in this market is the increasing participation in equestrian activities. Horseback riding has gained popularity as both a recreational pursuit and a competitive sport, leading to a surge in demand for riding gear and accessories. This includes saddles, bridles, riding apparel, helmets, and safety gear. Overall, the strong equestrian culture, growing interest in the sport, and alignment with health and wellness trends have contributed to the thriving market in North America.
The US market dominated the North America Horse Riding Equipment Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $609.5 million by 2030. The Canada market is exhibiting a CAGR of 5.8% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 4.9% during (2023 - 2030).
Based on Sales Channel, the market is segmented into Sports Retail Chain, Hypermarket and Supermarket, Independent Sports Outlet, and Others. Based on Gender, the market is segmented into Male, and Female. Based on Type, the market is segmented into Helmets, Vests, Stirrup, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Horse Riding Equipment Market is Projected to reach USD 2.7 Billion by 2030, at a CAGR of 3.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Decathlon S.A. (Asociacion Familiale Mulliez) (Oxelo), Ariat International, Inc., Dainese S.p.A, Colonial Saddlery, Fabtron, Inc., HKM Sports Equipment GmbH (Finatem investment company), CAVALLO Albert Sahle GmbH Co. KG, Mountain Horse Int. AB, Antarès distribution, and Georg Kieffer Sattlerwarenfabrik GmbH.
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